Facebook, as we all know, is a global platform that can help businesses in brand building. The reach of Facebook is multi-continental and the audience varies in ages, interests, regions, customs, etc. What does this mean? This means that no matter what your business is, it’s a high probability that not only you will find an audience but also boost your business.
Facebook Power 5 Strategy is nothing but a combination of 5 components that will help you advertise efficiently. These components are not new, they already existed. But now you will be using them more smartly.
What are those 5 components?
- Account Simplification
- Campaign Budget Optimization
- Automatic Placements
- Auto Advanced Matching
- Dynamic Ads
Let’s discuss them one by one.
Businesses waste money by doing multiple ad campaigns for targeting the same audience because that leads to a competition between their ads. You don’t have to stand against yourself; you have to stand against your contenders.
So, the first step in Power 5 strategy is the simplification of your account. Having two or three ad campaigns, three or four ad sets and five or six ads within them will incline your budget towards a longer life and better reach.
Campaign Budget Optimization
Let Facebook’s AI plan budget for your ads. It will set your budget at the campaign level and then it will focus your budget on better performing ad sets. This way your budget will be used for the right audience.
The learning phase is reduced because now Facebook transfers real-time budget to potential ad sets. That means the ad sets are in a continuous learning phase.
Automatic Placements is backed up by Machine Learning so it will identify the placement that has the best potential to turn the audience. With placement asset customization you can customize your ads for each placement so you know how they look when they reach your audience.
Automatic Placement will help to reduce your CPM which will ultimately reduce your CPAs.
Auto Advanced Matching
Whenever a customer visits your webpage and does an action in a particular section, a pixel is fired. With Auto advanced Matching, Facebook will read data of customers through forms, signups, etc and match with their profile to know what kinds of things interest them.
This feature is best for e-commerce websites. Whenever a customer visits your webpage, Facebook keeps a track of what actions are being performed. Based upon that, only those ads are shown to the customers that have high chances of being relevant to their interests.
Dynamic Ads in simpler terms mean your customers will be shown highly relevant ads, matching to the ones they have shown interest in before.
Facebook Power 5 Strategy is the best solution for tedious ad campaigns. It reduces your work by doing most of the work itself. That gives you time to think more creatively. Earlier it used to be difficult to catch the right audience. As advertisers grew on Facebook, it became more challenging. But now Facebook AI is there to help you. It identifies the potential audience neatly, so now you know that you are not guessing in the dark but spending your effort and money on something that will result.